South Africa appears to be sliding down the slippery slope of self-implosion and destruction of the economy as a result of unethical and untrustworthy behaviour of the country’s leadership. It…
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By Sandra Beswick I recently attended the “Integrity Lapse” event hosted by Dr Charissa Bloomberg of Hidden Dimensions, and Patron, Professor Thuli Madonsela, Chair. Social Justice Law Faculty, Stellenbosch University….
Business Rescue Proceedings explained The New Companies Act of 2008, Chapter 6 (Business Rescue) became effective on 1 May 2011. Companies which are financially distressed and need to be rehabilitated…
What happens if a family-owned business is in financial distress? When insolvency threatens, can the family legacy be preserved and their interests protected? Business rescue practitioners face a complex challenge when…
At Sandra Beswick & Associates, we’ve been handling a growing number of independent business reviews (IBRs) over the past months – certainly a strong indicator of increasing financial distress in…
Various events of the past few weeks have highlighted that many leaders of some of our large South African companies and institutions disregard the importance of applying ethical standards. A…
“Power corrupts and absolute power corrupts absolutely”. Lord John Acton 1834-1902 In the history books of the future, corruption will probably be the defining feature of South Africa’s political life…
By Sandra Beswick Business rescue has gained an undeserved reputation in recent years for forcing companies into liquidation, leaving the directors with their hands tied and causing great losses for…
Business Rescue Practitioner friend of Foe? This article was prompted by my observations of the varying attitudes displayed by affected parties towards me depending on the progression of the business…
Business Rescue – Positives Background Chapter 6 of the Companies Act no 170 of 2008 deals with business rescue and was promulgated in 2011 similar to Chapter 11 in the…
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